A bachelor’s degree in business can lead to a lucrative and rewarding career in the business world. The average salary range for a person with a bachelor’s degree in business is $41,000 to $56,000 a year. The range increases with a masters in business degree (MBA) to up to six figures. An online business degree program is an affordable route to obtaining both a bachelor’s and master’s degree in business.
An online program from an accredited school of business can be earned while the student is employed full time or has other obligations that make attending a traditional campus based college or university difficult. Often an online program is the better choice for a student and often is the only choice. Because there are no geographical restrictions, and because online college programs are generally cheaper than traditional campus based college programs, an online program places the ability obtain a degree in more peoples hands.
In a lifetime a person with a bachelors degree makes $308.000 more than a person without a bachelors degree. A person with a bachelor’s degree in business does even better with a lifetime gain of $349.000.
A person with a bachelors degree in business, working in financial services stand to make the highest salary, followed by those in healthcare, then insurance, then retail and finally banking. An online program will prepare the student for any of these areas.
If the student continues on for a masters in business administration (MBA) they can expect to make even more money. In the year 1975 there were only 35,000 MBA degrees awarded, in the year 2000 that number had grown to 112,000, an increase of 310%. The demand for well-educated individuals with this degree continues to increase. Online technology and the advancement of education into this arena brings the ability to obtain this degree to people who otherwise would not be able to complete it because of other obligations, such as work or family.